Asset Report
M25
Report summary
A Russian-led consortium operates the giant M25 sour gas field in south Uzbekistan, close to the border with Afghanistan. A PSC was awarded in 2017 for M25 and the surrounding block (Independence of Uzbekistan). The field was formerly known as Gadzhak.An initial US$1.75 billion (2021 terms) investment project is under execution, following FID in 2019. This includes M25 Early Gas and Phase One and is centred on commissioning of a large gas processing plant (GPP). The GPP will have capacity ...
Table of contents
- Key facts
-
Summary and key issues
- Summary
- Key issues
- Location maps
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Participation
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Current PSC (2017 onwards)
- Naming convention
- Ownership
- Operator
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Historical participation
- Baisun PSC (2010-15)
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Current PSC (2017 onwards)
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Geology
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M25
- Jurassic reservoirs
- Cretaceous reservoirs
- Kognisai
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M25
- Well data
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Exploration
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Historical E&A activity
- Soviet era
- Baisun PSC (to 2015)
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Current PSC (2017 onwards)
- M25 appraisal
- Surrounding block
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Historical E&A activity
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Reserves and resources
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M25
- Reported data
- Modelling
- PRMS classifications
- Kognisai
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M25
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Production
-
Gas
- Overview
- Development phases
- Liquids
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Gas
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Development
- Key development metrics
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Infrastructure
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Gas
- Initial transportation
- Marketing
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Other products
- Sulphur
- MTO products
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Gas
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Costs
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Capital costs
- M25 phases
- Modelling
- Project financing
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Operating costs
- Field costs and general and administrative (G&A) costs
- Transportation costs
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Capital costs
- Fiscal and regulatory
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Economic assumptions
- Cash flow
- Discount rate and date
- Inflation rate
- Oil price
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Gas price
- China export
- Domestic
- MTO product price
- Global Economic Model (GEM) files
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Economic analysis
- Indicative technical valuations
Tables and charts
This report includes 24 images and tables including:
- Key facts: Table 1
- Index map
- M25 map
- Well data: Table 1
- Exploration: Table 1
- Cash flow
- Economic analysis: Table 2
- Economic analysis: Table 3
- Split of Revenues
- Cumulative Net Cash Flow - Undiscounted
- Cumulative Net Cash Flow - Discounted at 10% from 01/01/2024
- Remaining Revenue Distribution (Discounted at 10% from 01/01/2024)
- Remaining PV Price Sensitivities
- Geology: Table 1
- Geology: Table 2
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Production: Table 1
- Costs: Table 1
- Costs: Table 2
- Economic analysis: Table 4
- Participation: Table 1
- Infrastructure: Table 1
- Costs: Table 3
What's included
This report contains:
